Bullishpattern
USDJPY Bullish Ahead of US GDP AnnouncementHi Traders!
USDJPY is in an ascending channel, and there is a bullish outlook on the market.
Here are the details:
After the pullback from the weekly high, the market seems to have found support near the channel support line.
We are now looking for a break and close above the 20 EMA for a confirmation signal to target an exit near the weekly high.
Preferred Direction: Buy
Entry Level: 143.250
Stop Level: 142.271
Target Level: 145.209
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
$CRCW Crypto Co. Moves .0008-.018 back to .0016 Ready for Nxt LgAs the price of CRYPTOCAP:BTC continues to rise again the price of OTC:CRCW one of the first crypto companies on the OTC and an OG in the space began moving again. The company, which the CEO purchased 31,000,000 common shares about 2 weeks ago has been quiet for some time but recently began dropping filings again. The anticipation of what could be in store has brought traders back to take another hard look at it.
The potential during this next bull run is massive imo. The company which currently has an O/S of 450,000,000 with 67,000,000 restricted as of recently in December and a 12,000,000 float as of March 2023 has never had a R/S in its existence and had one 10:1 Forward Split several years ago, which makes this entire situation even more bullish.
Obviously there was some dilution along with the usual traders dumping their loads on the last run, however it seems the dilution has dissipated once again and it is now ready for round 2.
PPS goal on this round is to break the last ATH but with a more consistent and steady run up.
The Multi-Bullish Voltas20-Dec-2023 - Voltas - Multi-Bullish Patterns
Weekly - I can see atleast 3 Bullish Patterns
1. Rounding Bottom BO done above 928, Target 1117
2. Double Bottom around 740 levels - Target 1050
3. Bullish Ascending Triangle - BO done
Predictions become accurate when multiple patterns work In-Sync.
NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.8.
What you guys think of this idea?
BNBUSDTBNBUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
EURAUDEURAUD is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.6520 followed by 1.6800.
What you guys think of this idea?
Expected continuation diamond pattern formationA continuation diamond pattern, also known as a diamond bottom or bullish diamond, is a technical analysis chart pattern that usually occurs during an uptrend and signifies a temporary pause or consolidation before the price resumes its upward movement. It's considered a continuation pattern because it typically results in the continuation of the existing bullish trend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
SHIB ANALYSIS🔮 #SHIB Analysis - Breakout 🚀🚀
💲💲 There is a breakout of falling wedge pattern in #SHIB in weekly time frame. $1150 is a crucial resistance level and if #SHIB holds this level then we will see the price range of $1500 in next target. 🚀🚀
💸Current Price -- $0.00001061
📈Target Price -- $0.00001800
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#SHIB #Cryptocurrency #Breakout #DYOR
🔥 🚀 BTCUSD Bullish analysis 43k moving) 🚀💥Hello traders what do you think about btcusd?
crypto trader's now see a bullish pattern channels 🔥 breakout trade line) now I think 💬 43k next target analysis 🎯
Turning to the Bitcoin price chart, the currency's bullish momentum is evident. After a period of consolidation, Bitcoin has experienced a swift and decisive upturn. The price has successfully maintained a position above both the 50-day and 200-day moving averages, a strong indicator of sustained bullish sentiment. The moving averages are fanning out, which is often interpreted as a sign of strengthening momentum.
BTCUSD Weekly UpdateWe need to break above 44-46 to go higher.
● Below 40K we nuke to 38 and potentially flush to 34K.
● Whales are de-risking here, they are still net-long but potentially sell the news event.
● Alts going up where BTC is ranging is not healthy.
● If BTC goes down, Alts could nuke, so make sure to take profits on Alts because there is a good chance they go lower.
As mentioned I am cautious about January but bullish 2024 Crypto. So remember markets can experience strong flushes in bull markets and your alts can go 50% down in a day.
Welcome to the last cycle, good luck.
LINK: Sweeping lows to Grow Faster 🚀💰Let's unravel the latest dynamics of Chainlink (LINK) as it navigates the crypto seas with a distinctive flair. LINK is currently dancing within an ascending channel, and recent liquidity sweeps above the upper boundary signal intriguing possibilities. Here's a breakdown of the current scenario and what traders might expect in the upcoming chapters. 📊🚀
Analyzing LINK's Chart: Ascending Channel and Liquidity Game
Ascending Channel Dynamics:
Charting the Trajectory: LINK is gracefully traversing within the confines of an ascending channel, showcasing a structured upward movement.
Technical Significance: Ascending channels are often indicative of bullish trends, with higher highs and higher lows characterizing the pattern.
Strategic Liquidity Sweeps:
Breaking the Chains: Recent moves have seen LINK surging beyond the upper boundary of the channel, executing strategic liquidity sweeps.
Fueling the Surge: The clearing of liquidity above resistance levels, often driven by stop-losses, acts as fuel for potential upward acceleration.
Trading Strategy Insights:
Retesting the Waters:
Ideal Scenario: A retreat to retest the channel's upper boundary around $12 would not only validate the breakout but also offer an optimal entry point.
Pooling Liquidity: A potential drop to $12 can attract liquidity and set the stage for a robust upward move.
Catalysts for Growth:
Stop Loss Dynamics: Recognizing that stop losses act as accelerators for upward movements, the market may capitalize on these fueling mechanisms.
Key Levels: Keep a keen eye on critical levels, especially the retest around $12, for potential trend confirmation.
Price Projection:
Optimistic Outlook: In the event of successful retests and sustained bullish momentum, LINK could eye a significant hurdle at $20.
Conclusion:
Chainlink's dance within the ascending channel, coupled with strategic liquidity sweeps, sets the stage for an exciting chapter. Traders are advised to observe the potential retest around $12 as a strategic entry point, acknowledging the role of stop-loss dynamics in fueling rapid upward movements.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
Cable Is Rising Within A Five-Wave ImpulseCable (GBPUSD) made a nice bounce, with price coming to a new high as BoE turned out to be more hawkish than expected if we consider the votes for the hike by BoE members. So it appears that the pound will stay in the uptrend as the whole pattern from an October low now shows an impulsive price action in progress. Ideally, that's wave five of 3 in progress with some short-term resistance around 1.2850.
AGIXUSDT 2x on Spot?AGIX looks bullish on mid-term. Here is the daily chart
Entry: between 0.30 - 0.33
(p.s: not more than 10-15% of your crypto budget, if you're a trader)
Let's go!
AUDUSD Yearly Trendline BrokenHi Traders!
AUDUSD has broken its yearly trendline resistance as the bulls have taken over.
Here are the details:
The yearly trendline is now broken. Since the break and close above the 20 EMA, the price action has looked very bullish. Our plan is to buy the market dips by looking for an entry near the trendline resistance and an exit near the mid-year range resistance zone.
Preferred Direction: Buy
Entry Level: 0.66532
Stop Level: 0.65089
Target Level: 0.69418
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Unlocking Bullish Potential: Gartley Pattern Analysis for AUDCHFHello Traders,
I've got an observation on #AUDCHF. As DXY shows bullish signs, we might see some bearish movements in CHF.
Right now, the pair is sitting on a strong support at 0.5735. This seems like a good spot for the final leg of the Gartley pattern, signaling a potential move to the upside. Keep an eye on it, though – if it drops below 0.5722, we could see a decline in the pair's value.
Cheers!
Confluence / Best Fit Theory I've always had a strategy of using horizontal support and resistances as well as finding a downwards and upwards trendline that can be duplicated and still hit multiple swing points amongst different timeframes. Think of it as angled supports/resistances.
After having all these lines on the chart you can quickly see how often the various crosses act as a magnet for the price, but the lines create too much "noise", so I decided to turn my lines into channels.
I then noticed the areas where the different zones crossed stuck out even easier and decided to mark them with circlesm
After all the rough marks I thought it'd be interesting to plot a rough line trying to stay near the middle of each "column" treating the circles as a magnet for price.
I'll update as time rolls on, but I think there's enough here to make this a pretty decent strategy!
AVAX Continued its Upward TrajectoryAvalanche (AVAX)
Despite Bitcoin's recent decline to the $40,000 mark, AVAX has continued its upward trajectory this December. In the last fortnight, the asset has surged by 66%, hitting a new annual high at $42.96.
Currently, AVAX is undergoing a correction, with its price hovering around the support zone of $32.7-$34.7. The key resistance level to watch is $38.4. If breached, the coin might retest the higher resistance zone of $40.7-$43.0.
The future course of AVAX will heavily depend on Bitcoin's trend. A continued downtrend in BTC could potentially drag AVAX down to new lows, possibly to $30.5 or the $26.2-$28.4 level.